"Indeed, so you have to deduct it from the inventories (which are treated as an asset)."
This is correct when the U3O8 is actually shipped to the customer. It cannot be recorded as a sale until the customer actually takes delivery of the product.
This is a recognised and secure method of funding working capital. Generalyy works well for both parties.
motley value mine at $1,08 per share, page-21
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